Are charities always non-profit organizations?
Non-profit organizations are those formed to serve social welfare, civic improvement, or any other purpose except making a profit. Most charities are considered non-profit organizations because they are operating for the aforementioned purposes without generating any revenues from their operation. Furthermore, according to the U.S. Internal Revenue Service, charities are generally identified as qualified non-profit, entitling them to receive tax-deductible donations.
Related Questions
- I don’t know whether my organization is registered and in compliance with the AGO’s Non-Profit Organizations/Public Charities Division. How can I find out?
- How does Save the Children measure up to other charities and non-profit organizations?
- Are there differences between non-profit organizations and registered charities?
